Google Stock Surpasses $800 A Share For The 1st Time In Company’s History
Don’t let those commercials for the Bing search engine fool you, Google is still as popular as ever. Today, the technology company’s stock surpassed $800 a share for the first time in Google history. The surge in stock prices shows renewed confidence among investors, and comes over five years after shares hit $700.
Google reached $700 a share in October of 2007, only to have the economy collapse. The Mountain View, Calif.-based search engine giant put time into cultivating a productive environment for its employees, and restructured executive positioning. Trading at more than $800 is an example of the job being done by co-founder Larry Page, who took over as CEO in 2011. With Park in the driver’s seat, Google has shut down several services, and launched Google Plus.
In June, Google hit a 12-month low of $559.05 a share, but the stock grew over the last several months passing $700 in September. During trading this morning the stock was at $801.99 a share a 1.2 percent hike.
Perhaps the financial growth continues to contribute to the company’s exceptional amenities offered to its employees, and all around reputation for treating workers well. Last month, Fortune named Google the best place to work. “The Internet juggernaut takes the Best Companies crown for the fourth time, and not just for the 100,000 of subsidized massages it doled out in 2012. New this year are three wellness centers and a seven-acre sports complex, which includes a roller hockey rink; courts for basketball, bocce, and shuffle ball; and horseshoe pits.”
According to fourth quarter financial results— released in December of 2011—Google’s quarterly revenue “blew past the $10 million mark,” for the first time in its history.